Meyer Wilson Investigates Raymond James Broker Matthew Werthe for Allegations of Fraud, Unsuitable Investments, and Churning
The investment fraud attorneys at Meyer Wilson are investigating Broker Matthew Werthe of Raymond James Financial Services. Werthe's conduct is currently the subject of three pending customer arbitrations. Those customers allege fraud, excessive trading, unauthorized trading, unsuitable investment recommendations, churning, failure in his supervisory duties, and breach of fiduciary duty. Werthe is registered as a broker and financial advisor in nine states, including California, Florida, Arizona, Delaware, Ohio, Oregon, New York, Virginia, and Washington.
According to Werthe's FINRA BrokerCheck report, the alleged activities took place during his employment with Raymond James Financial Services. In 2016, a customer alleged that Werthe made unsuitable investment recommendations that were too aggressive given her situation and resulted in "catastrophic losses" to her account. In 2017 another customer alleged that Werthe made unsuitable investment recommendations, committed investment fraud, executed excessive and unauthorized trades, churned investments, and breached his fiduciary duty. In 2018, allegations were made that Werthe committed fraud, forged signatures, churned investments, and made unsuitable recommendations.
Many investors lose substantial amounts of money before they realize that broker misconduct has occurred. By familiarizing themselves with the signs of investment misconduct, keeping close watch of their account activity, carefully reviewing account statements and addressing any concerns right away, investors can better protect themselves from the wrongdoings of deceitful brokers.
Have you lost money investing with Matthew Werthe?
The attorneys at Meyer Wilson are interested in speaking with investors who may have suffered financial losses due to the misconduct of Matthew Werthe. If you invested with Werthe and you suspect that he may have committed wrongdoings that have resulted in monetary harm, call the investment fraud lawyers at Meyer Wilson today at 888-390-6491 for a free case evaluation.